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Comprehensive reform must establish clear rules of the road with strong enforcement for our nation's financial institutions and markets; end loopholes that allowed big Wall Street firms to escape supervision; make it clear that no firm is 'too big to fail', and provide strong consumer and investor prote...
Treasury Secretary Tim Geithner and White House economic adviser Larry Summers should lose their jobs for protecting Wall Street at the expense of broader job creation.
It is imperative that we maintain this capacity to respond if financial conditions worsen and threaten our economy ... I would consult with the president and Chairman of the Federal Reserve Board and submit written notification to Congress.
I give great credit to Bernanke, former Treasury secretary Henry Paulson and current Treasury boss Tim Geithner for saving the country, for keeping it from going over the cliff.
There is a significant likelihood we will not be repaid from our investments in AIG, GM and Chrysler
Not a good day for the ‘change you can believe in team’. But I ceased to believe the day Barack Obama refused to dismiss reports he was contemplating appointing Timothy Geithner as Treasury Secretary and Warren Summers as economic adviser. That day, a year ago, the music died.
We do not expect all TARP investments to generate positive returns. It's unlikely will be repaid for the full value of our investments in AIG, GM, and Chrysler. But here, too, the outlook has improved. We now expect these institutions to repay $14 billion more than was originally projected
Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid by Treasury Secretary Timothy Geithner for failing to pay t...
But significant challenges remain ... Too many American families, homeowners, and small businesses still face severe financial pressure. Although the economy is recovering, foreclosures are increasing and unemployment is unacceptably high.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner will dominate financial news on Capitol Hill this week. Most eyes will be on Bernanke, who will appear before the Senate Banking Committee on Thursday for a confirmation hearing for a second term as head of the central bank.
Our biggest job is growth, bring down unemployment, getting private companies to invest again
take revenge... Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. That's bad... ***SCROLL DOWN FOR VIDEO*** WASHINGTON (Associated Press) — Treasury Secretary Timothy Geithner acknowledges the federal budge...
Our biggest challenge now is growth and bringing down unemployment ... That's our overwhelming challenge. Nothing is possible without that.
Political frustration over the rescue of Wall Street and high unemployment erupted in the House Thursday, with one committee threatening to impose tighter scrutiny on the Federal Reserve and another trading verbal insults with Treasury Secretary Timothy Geithner
We should employ a presumption that a derivative contract that is accepted for clearing by one or more clearinghouses, and approved by the Commodity Futures Trading Commission or Securities and Exchange Commission, must be centrally cleared by all
You know, the times get tough, so what happens? Somebody has to point a finger ... Tim Geithner isn't responsible for the entirety of what's out there today, and it's nonsense to think that he is. It really makes me very angry, because we've got to find somebody to blame.
Congressman, again it's just a basic fact, a year ago, a year ago, this economy was falling at the rate of 6 percent a year. We were losing between half a million and three quarters of a million jobs a month and that process was accelerating, not slowing, until the president of the United States came an...
Rep. Peter DeFazio, one of the most outspoken Democratic critics of the White House economic team, said he plans to press the 27-member Congressional Populist Caucus to back his call for their ouster ... The Oregon Democrat created a stir on Capitol Hill after an appearance on MSNBC Wednesday during whi...
China...has committed to move. They understand they need to do it. I think they want to do it. And I am actually quite confident that they will do it
Tim Geithner was the Treasury line officer who wrote the IMF [International Monetary Fund] program for Indonesia in 1997-98, which was to apply current account solutions to a capital account crisis.
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WASHINGTON - NOVEMBER 18: Treasury Secretary Timonthy Geithner hosts a small business forum in the Cash Room at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: (L-R) Small Business Administrator Karen Mills, Treasury Secretary Timonthy Geithner, Gentle Parking's William Ortiz-Cartagena and SHEEX Co-Founder Susan Walvisu listen to Andy Cabral (C) of Dunkin Donuts speak during a small businss financing forum at the Tre...
View Photo »WASHINGTON - NOVEMBER 18: (L-R) Small Business Administrator Karen Mills, Treasury Secretary Timonthy Geithner and SHEEX Co-Founder Susan Walvisu (R) listen to Andy Cabral of Dunkin Donuts speak during a small businss financing forum at the Treasury Department November 18, 2009 in Wash...
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timonthy Geithner checks his watch in between panels during a small business financing forum at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timonthy Geithner (R) talks with Small Business Administrator Karen Mills during a small business forum at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: Treasury Secretary Timonthy Geithner hosts a small business forum at the Treasury Department November 18, 2009 in Washington, DC.
View Photo »US Treasury Secretary Tim Geithner (R) meets with his Singaporean counterpart Tharman Shanmugaratnam as they meet on the sideline of the Asia-Pacific Economic Cooperation (APEC) meetings being held in Singapore on November 12, 2009.
View Photo »US Treasury Secretary Tim Geithner (R) shakes hands with his Singaporean counterpart Tharman Shanmugaratnam as they meet on the sideline of the Asia-Pacific Economic Cooperation (APEC) meetings being held in Singapore on November 12, 2009.
View Photo »US Treasury Secretary Tim Geithner (R) introduces his delegation members to his Singaporean counterpart Tharman Shanmugaratnam as they meet on the sideline of the Asia-Pacific Economic Cooperation (APEC) meetings being held in Singapore on November 12, 2009.
View Photo »US Treasury Secretary Tim Geithner (R) shakes hands with his Singaporean counterpart Tharman Shanmugaratnam as they meet on the sideline of the Asia-Pacific Economic Cooperation (APEC) meetings being held in Singapore on November 12, 2009.
View Photo »US Treasury Secretary Tim Geithner (R) talks with his Singaporean counterpart Tharman Shanmugaratnam as they meet on the sideline of the Asia-Pacific Economic Cooperation (APEC) meetings being held in Singapore on November 12, 2009.
View Photo »ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
View Photo »ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (L) chats with Bill Leavy during a tour of the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (C) and Chicago Mayor Richard Daley tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner chats with Lorine Baker (R) during a tour of the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner speaks following a tours the Greater West Town Community Development Project October 29, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (R) stands next to Chicago Mayor Richard Daley as they wait to speak following a tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner speaks following a tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (C) tours the Greater West Town Community Development Project October 29, 2009 in Chicago, Illinois.
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (C) chats with Chicago Alderman Walter Burnett (L), U.S. Congressman Danny Davis (2nd from right) and U. S. Senator Roland Burris (R) during a tour of the Greater West Town Community Development Project October 30, 2009 in Chicago,...
View Photo »CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner speaks following a tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
View Photo »WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner arrives for a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner (R) speaks with a congressman before a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - NOVEMBER 18: (L-R) Small Business Administrator Karen Mills, Treasury Secretary Timonthy Geithner, Gentle Parking's William Ortiz-Cartagena and SHEEX Co-Founder Susan Walvisu listen to Andy Cabral (C) of Dunkin Donuts speak during a small businss financing forum at the Tre...
View Photo »Comprehensive reform must establish clear rules of the road with strong enforcement for our nation's financial institutions and markets; end loopholes that allowed big Wall Street firms to escape supervision; make it clear that no firm is 'too big to fail', and provide strong consumer and investor prote...
Treasury Secretary Tim Geithner and White House economic adviser Larry Summers should lose their jobs for protecting Wall Street at the expense of broader job creation.
It is imperative that we maintain this capacity to respond if financial conditions worsen and threaten our economy ... I would consult with the president and Chairman of the Federal Reserve Board and submit written notification to Congress.
I give great credit to Bernanke, former Treasury secretary Henry Paulson and current Treasury boss Tim Geithner for saving the country, for keeping it from going over the cliff.
There is a significant likelihood we will not be repaid from our investments in AIG, GM and Chrysler
Not a good day for the ‘change you can believe in team’. But I ceased to believe the day Barack Obama refused to dismiss reports he was contemplating appointing Timothy Geithner as Treasury Secretary and Warren Summers as economic adviser. That day, a year ago, the music died.
We do not expect all TARP investments to generate positive returns. It's unlikely will be repaid for the full value of our investments in AIG, GM, and Chrysler. But here, too, the outlook has improved. We now expect these institutions to repay $14 billion more than was originally projected
Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid by Treasury Secretary Timothy Geithner for failing to pay t...
But significant challenges remain ... Too many American families, homeowners, and small businesses still face severe financial pressure. Although the economy is recovering, foreclosures are increasing and unemployment is unacceptably high.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner will dominate financial news on Capitol Hill this week. Most eyes will be on Bernanke, who will appear before the Senate Banking Committee on Thursday for a confirmation hearing for a second term as head of the central bank.
Our biggest job is growth, bring down unemployment, getting private companies to invest again
take revenge... Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. That's bad... ***SCROLL DOWN FOR VIDEO*** WASHINGTON (Associated Press) — Treasury Secretary Timothy Geithner acknowledges the federal budge...
Our biggest challenge now is growth and bringing down unemployment ... That's our overwhelming challenge. Nothing is possible without that.
Political frustration over the rescue of Wall Street and high unemployment erupted in the House Thursday, with one committee threatening to impose tighter scrutiny on the Federal Reserve and another trading verbal insults with Treasury Secretary Timothy Geithner
We should employ a presumption that a derivative contract that is accepted for clearing by one or more clearinghouses, and approved by the Commodity Futures Trading Commission or Securities and Exchange Commission, must be centrally cleared by all
You know, the times get tough, so what happens? Somebody has to point a finger ... Tim Geithner isn't responsible for the entirety of what's out there today, and it's nonsense to think that he is. It really makes me very angry, because we've got to find somebody to blame.
Congressman, again it's just a basic fact, a year ago, a year ago, this economy was falling at the rate of 6 percent a year. We were losing between half a million and three quarters of a million jobs a month and that process was accelerating, not slowing, until the president of the United States came an...
Rep. Peter DeFazio, one of the most outspoken Democratic critics of the White House economic team, said he plans to press the 27-member Congressional Populist Caucus to back his call for their ouster ... The Oregon Democrat created a stir on Capitol Hill after an appearance on MSNBC Wednesday during whi...
China...has committed to move. They understand they need to do it. I think they want to do it. And I am actually quite confident that they will do it
Tim Geithner was the Treasury line officer who wrote the IMF [International Monetary Fund] program for Indonesia in 1997-98, which was to apply current account solutions to a capital account crisis.
The U.S. and the G-20: Remaking the International Economic Architecture â on Capitol Hill in Washington November 17, 2009. (REUTERS / Kevin Lamarque) Unfortunately, the regulatory regime that failed so terribly leading up to the financial crisis is precisely the regulatory regime we have today
Treasury Secretary Timothy Geithner told Congress on Tuesday that efforts to strengthen the global financial system to prevent another deep crisis will falter if the United States drops the ball on overhauling regulation of its own banking system. We need to move on the reform agenda when the memory of ...
If you look at any measure of confidence in the financial system, it is substantially higher today than when the president of the United States took office
is a deeply troubling account of Secretary Geithner’s failed management of the AIG bailout ... The cozy relationships between the bailed-out financial companies and powerful politicians like Tim Geithner and Chris Dodd are exactly why Americans have lost trust in Washington, D.C., and why we need new le...
We have to be able to set the international agenda on reforms. ... We’ll have no credibility if we can’t deliver in the United States.
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